Dave borrowed ​$6600 from his uncle with simple interest of 8​% and eventually repaid ​$8712 ​(principal and​ interest). What was the time period of the​ loan? The time period of the loan was Blank ​year(s).   ​(Type an integer or a​ decimal.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Dave borrowed ​$6600 from his uncle with simple interest of 8​% and eventually repaid ​$8712 ​(principal and​ interest). What was the time period of the​ loan? The time period of the loan was Blank ​year(s).  
​(Type an integer or a​ decimal.)
 

An account invested in a money market fund grew from
​$73,275.84 to ​$73,567.62 in a month. What was the interest rate to the nearest​ tenth?
What was the interest​ rate? Blank​%
​(Do not round until the final answer. Then round to the nearest tenth as​ needed.)
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